Endeavour Silver (EXK) Given a $6.00 Price Target by HC Wainwright Analysts

Endeavour Silver (NYSE:EXK) (TSE:EDR) has been given a $6.00 price target by HC Wainwright in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the mining company’s stock. HC Wainwright’s target price would indicate a potential upside of 179.07% from the company’s current price.

Several other equities research analysts have also weighed in on the company. ValuEngine lowered Endeavour Silver from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Noble Financial reissued a “buy” rating on shares of Endeavour Silver in a report on Thursday, January 11th. Zacks Investment Research lowered Endeavour Silver from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, BMO Capital Markets began coverage on Endeavour Silver in a report on Friday, November 17th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Endeavour Silver currently has a consensus rating of “Hold” and an average price target of $4.94.

Shares of Endeavour Silver (EXK) traded down $0.04 on Thursday, reaching $2.15. The company had a trading volume of 1,319,565 shares, compared to its average volume of 1,530,000. Endeavour Silver has a 52 week low of $1.94 and a 52 week high of $4.90. The stock has a market cap of $274.48, a price-to-earnings ratio of 107.50 and a beta of -0.03.

A number of hedge funds and other institutional investors have recently modified their holdings of EXK. HighTower Advisors LLC boosted its stake in Endeavour Silver by 5.5% in the 2nd quarter. HighTower Advisors LLC now owns 37,200 shares of the mining company’s stock worth $115,000 after purchasing an additional 1,925 shares during the period. Essex Investment Management Co. LLC bought a new position in Endeavour Silver in the 4th quarter worth about $142,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Endeavour Silver by 622.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,556 shares of the mining company’s stock worth $194,000 after purchasing an additional 68,550 shares during the period. JPMorgan Chase & Co. bought a new position in Endeavour Silver in the 3rd quarter worth about $226,000. Finally, Cubist Systematic Strategies LLC bought a new position in Endeavour Silver in the 2nd quarter worth about $361,000. Institutional investors and hedge funds own 21.67% of the company’s stock.

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About Endeavour Silver

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.

Analyst Recommendations for Endeavour Silver (NYSE:EXK)

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